Companhia Siderurgica Nacional Short ratio
What is the Short ratio of Companhia Siderurgica Nacional?
The Short ratio of Companhia Siderurgica Nacional is 0.87
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Materials sector on NYSE compared to Companhia Siderurgica Nacional
What does Companhia Siderurgica Nacional do?
Companhia Siderúrgica Nacional lit. is the largest fully integrated steel producer in Brazil and one of the largest in Latin America in terms of crude steel production. Its main plant is located in the city of Volta Redonda, in the state of Rio de Janeiro.
Companies with short ratio similar to Companhia Siderurgica Nacional
- National General Corp has Short ratio of 0.86
- Richards Packaging Income Fund has Short ratio of 0.86
- Sailfish Royalty has Short ratio of 0.86
- BioSyent has Short ratio of 0.86
- ProQR Therapeutics N.V has Short ratio of 0.86
- Galway Gold has Short ratio of 0.86
- Companhia Siderurgica Nacional has Short ratio of 0.87
- Flexible Solutions International Inc has Short ratio of 0.88
- Union Bankshares has Short ratio of 0.88
- Tesla Inc has Short ratio of 0.88
- Slam Exploration has Short ratio of 0.88
- Palladium One Mining has Short ratio of 0.88
- Timber Pharmaceuticals has Short ratio of 0.88